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J;
A

SOURCES OF FUNDS
TO MEET GOV'T EXPENDITURES

BILLIONS OF DOLLARS

FISCAL YEARS

BILLIONS OF DOLLARS

COMMERCIAL
AND F. R. BANKS

100 "

100

80

80

60

60

40

40

20

20

0

0
1939-40




1940-41

1941-42

1942-43
1943-44 N
f PARTLY } f BUDGET ]
[ESTIMATEDJ [ESTIMATE;

INFLATIONARY

GAP

BILLIONS OF DOLLARS

CONSUMER

BILLIONS OF DOLLARS

AVAILABLE FOR NEW TAXES
FOR SAVINGS OR INFLATION.

120

1 2 0 h INCOME
ABOVE
TAXES

ABSORBED BY PRICE RISE.
CONSUMER GOODS.

100

100

80

80

60

40

20

0
1939




1940

1941

1942

1943
(ESTIMATED)

MONEY SUPPLY
BILLIONS OF DOLLARS

BILLIONS OF QOLLARS

CALL DATES

80

80

DEMAND

DEPOSITS

0

1930

1932

1934

FIGURES FOR MAY 1943 ESTIMATED.




1936

1938

1940

1942